line of credit

noun phrase

: the maximum credit allowed a buyer or borrower
also : an agreement providing credit up to a certain amount

Examples of line of credit in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The company is managing its cash flow through a line of credit from the Industrial and Commercial Bank of China. Quartz Bot, Quartz, 14 Nov. 2024 This is why Synchrony has introduced a new initiative to connect a leading pet health insurance company, Pets Best Insurance, with Care Credit, a line of credit. Jessica Ourisman, Forbes, 3 Nov. 2024 Klein explained that there's a $650,000 line of credit with $500,000 drawn on it. Hannah Kirby, Journal Sentinel, 19 Oct. 2024 Benefits of a business line of credit: • Flexible access to funds as needed. Joseph Lustberg, Forbes, 23 Oct. 2024 See all Example Sentences for line of credit 

Word History

First Known Use

1917, in the meaning defined above

Time Traveler
The first known use of line of credit was in 1917

Dictionary Entries Near line of credit

Cite this Entry

“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 24 Nov. 2024.

Legal Definition

line of credit

: an agreement specifying the maximum amount of credit allowed a borrower

More from Merriam-Webster on line of credit

Last Updated: - Updated example sentences
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